Customers across 12 countries use this firm’s “internet of things” technology to boost the efficiency of anything from a fridge to a cash machine. The company collects data from this equipment, which is then analysed and presented via its online platform, allowing clients to use that information to optimise efficiency. Selling a 25% stake in the company to German energy giant Eon in 2015 has helped the Milton Keynes business fund North American expansion — it opened its first US office in 2017. In the same year international sales reached £4.9m under chief executive Frank Jones, 54.

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Company details
Year2019
Rank39
CompanyIMS Evolve
ActivityEnergy management systems
LocationMilton Keynes
2 yr av intl sales growth % pa82.54%
International sales £000s4,931
Total sales £000s8,620
Staff79
Founded2001
Websitewww.ims-evolve.com

If applicable:

* Supplied by company † Annualised figure